Arca logs profit in qtr. as sales increase

Aug 07, 2013 | 01:19 PM | Lisa Gordon

Tags  Appliance Recycling Centers of America, Edward Cameron, recycling, ferrous scrap, nonferrous scrap, scrap prices, quarterly earnings, Lisa Gordon

PITTSBURGH — Appliance Recycling Centers of America Inc. (Arca) built on momentum seen earlier this year, remaining profitable for the second consecutive quarter amid higher revenue.

The Minneapolis-based recycler posted net income of $726,000 in the second quarter, in contrast to a $551,000 net loss in the same period last year, as sales rose 9.2 percent to $32.3 million. Arca had returned to the black in the first quarter after logging four consecutive quarterly losses....

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